Cabot Corp’s recent filing unveils that its President and CEO Keohane Sean D unloaded Company’s shares for reported $2.6 million on Sep 03 ’24. In the deal valued at $101.55 per share,25,617 shares were sold. As a result of this transaction, Keohane Sean D now holds 331,174 shares worth roughly $36.1 million.
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Then, Keohane Sean D bought 25,617 shares, generating $2,657,764 in total proceeds.
Before that, Zhu Jeff Ji sold 13,711 shares. Cabot Corp shares valued at $1,423,975 were divested by the Executive Vice President at a price of $103.86 per share. As a result of the transaction, Zhu Jeff Ji now holds 82,289 shares, worth roughly $8.97 million.
Deutsche Bank downgraded its Cabot Corp [CBT] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. UBS also remained covering CBT and has decreased its forecast on January 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan revised its rating on June 06, 2023. It rated CBT as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CBT
On Friday, Cabot Corp [NYSE:CBT] saw its stock jump 1.10% to $109.02. Over the last five days, the stock has lost -0.22%. Cabot Corp shares have risen nearly 30.56% since the year began. Nevertheless, the stocks have risen 64.63% over the past one year. While a 52-week high of $117.14 was reached on 10/16/24, a 52-week low of $65.38 was recorded on 02/05/24. SMA at 50 days reached $108.17, while 200 days put it at $95.92.
Levels Of Support And Resistance For CBT Stock
The 24-hour chart illustrates a support level at 107.89, which if violated will result in even more drops to 106.77. On the upside, there is a resistance level at 109.76. A further resistance level may holdings at 110.50. The Relative Strength Index (RSI) on the 14-day chart is 47.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.32%. Stochastics %K at 12.60% indicates the stock is a buying.
How much short interest is there in Cabot Corp?
A steep rise in short interest was recorded in Cabot Corp stocks on 2024-10-15, dropping by -0.16 million shares to a total of 2.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.52 million shares. There was a decline of -6.9%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 13, 2023 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $94 price target.
